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Which of the following statement is true regarding choice of the denominator volume level in...

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Accounting

Which of the following statement is true regarding choice of the denominator volume level in conjunction with the process of allocating fixed manufacturing costs to production?

A: The choice typically will affect end-of-period asset values, but not the production-volume variance for the period.

B: The choice is important only if the company in question uses variable costing.

C: Under absorption (full) costing, this choice can affect reported profits for the period.

D: This choice has no effect on the standard overhead cost-allocation rate.

E: The choice affects the standard overhead cost-allocation rate but not product cost.

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